STX Shipbuilding Swings to Profit in 2006

Tuesday, March 06, 2007
STX Shipbuilding Co., said Monday that it swung to a profit in 2006 from a loss a year earlier on rising demand for high-priced ships. Net profit reached $43.3m last year, compared with a loss of 6 billion won a year earlier, the company said in a regulatory filing. Source: Yonhap
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Finance

Asia-Europe Box Rates Soar Again

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 29 percent to $763 per 20-foot container (TEU) this week data from

G E Shipping delivers “Jag Aakash” to Buyers

The Great Eastern Shipping Company Ltd. delivered the new building Kamsarmax Dry Bulk Carrier “Jag Aakash” (81,600 dwt) to the buyers.  The vessel was contracted for sale in August 2015.

New Energy-saving Windshield on MOL MARVEL

Mitsui O.S.K. Lines, Ltd. today announced that it has started demonstration tests of a new windshield for containerships, which has the potential to reduce wind resistance,

Coast Guard

USCG Hoists Ailing Man from Tug

A man believed to be suffering symptoms from a heart attack was medevaced from a tugboat Thursday morning.   A U.S. Coast Guard helicopter crew from Air Station Traverse City, Mich.

Fishing Vessel Sinks, Spills Oil in Alaska

A 58-foot fishing vessel ran aground, sunk and spilled oil in Sitka, Alaska, according to the U.S. Coast Guard. No injuries have been reported, and there have

Boat Capsizes off Malaysia with 100 Aboard

A boat carrying about 100 people has capsized off the western coast of Malaysia near the busy Strait of Malacca, maritime authorities said on Thursday. A spokesman

 
 
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